SRMUSDT

Hello my dear friends, I hope you have a profitable day.

Candle has closed very attractively last week (: you don't think so).
The price is moving inside a descending channel, if the price movement is above the white range ($1.087), the probability of forming a trend similar to the drawn scenario is high.
Be sure to note that the price range of $0.915 has been maintained.

If it starts a corrective trend from these areas, there is a high probability of the price falling to the yellow area ($0.769).

We will be very happy to hear your comments.

Comment:

The price range of $1.087 is fully covered, but in the four-hour time frame, we have the negative divergence of the RSI, but on the other hand, the previous ranges have been preserved in the corrective trends!!!

There is still a 50-50 chance of both scenarios!

Comment:

I do not agree with the continuation of the upward trend, I do not have a signal for an upward trend.

If the correction trend is lower than the price range of $1.076 and if the price range of $0.993 is used in the continuation of the correction trend, the probability of a drop to the price range of $0.865 is high.

In my opinion, the possibility of forming a trend similar to the downward scenario is more likely.

Trade active:

It has decreased by 12% from the specified range.
It seems that the correction process is not yet complete, considering the consumed range.

Trade closed: target reached:

easily (: